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FOX Business
Dec 5, 2012 5:00pm EST
for their members. we are looking out for you here at "money." joining us now is chuck woolery, former beloved host. you're not the host of "wheel of fortune.". >> i was at one time. i was the original host when it went on the air. you're not old enough to remember. melissa: that must be it. that's it. all right. >> 1974. melissa: i think of you as the love guy that brought everyone together. "wheel of fortune" is important as well yeah. >> i wear many hats, melissa. melissa: my mistake. i apologize. let's get on the main issue of the day though because i think this is really interesting. aarp is out there once again lobbying and you know telling seniors who are their members what is in their best interests. when you pull things back and look behind the curtain it may not be necessarily what is best for them. we saw one example of this with obamacare when they were lobbying very hard to pass obamacare. but like you have said that was not necessarily in their members best interest. how come? >> well, 93% of the their members didn't want it and they did it anyway because it was money. so it is not ab
FOX Business
Dec 12, 2012 7:00pm EST
of their income. -- love it. we love hearing from you. send your e-mail to us. that is it to night's gerri willis report, thank you for joining us, have a great night, we'll see you tomorrow. lou: good evening, president obama working hard, to be president of all of the 47%. and big business is aligned with the president and his quest to raise taxes on everybody. here is the president today acknowledging that his promise not to raise taxes on middle class will be nul and void on january 1st. the president in his own words confirming that tax hike, coming irrespective of the fiscal cliff outcome. >> taxes are going to go up one way or the other, the key is to make taxes go up and high-end individuals, i am confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. lou: obamacare, guarantees taxes are going up. 5 new obam obamacare-based taxeo kick in next year. a 3.8% surtax on unearned income, and call chains and dividend 18.8%, and a new tax on hospital care, and medical device manufacturersing' taxed 2.3% of the price of their pr
FOX Business
Dec 18, 2012 5:00pm EST
photo sharing site says they're going to sell your pictures without paying you or even telling you. use, are already jumping ship. we'll tell you how this affects you and your money. >>> plus will this be the first republican controlled house ever to raise taxes? business mogul steve forbes will join me in a fox business exclusive to break it all down. >>> the dire warning for you and all of your savings today. hackers are planning to clean out your bank account. the former deputy director of the national security agency is here with all the details so you can hang on to your cash. even when they say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. another day of gains on wall street. stocks soared for the second day in a row. the dow closed up 115 points and all that illusion that washington is getting its act together but progress on the fiscal cliff isn't driving everything higher. gold hit its lowest level in since late august that is confidence there. investors flee from the precious metal as a safe haven appeal fades. g
FOX Business
Dec 20, 2012 7:00pm EST
if you cannot catch us live. we will see you back here tomorrow. lou: lou: a vote will be coming to plan sequestration and that vote was passed narrowly, but it did pass. now we're going to have a vote on plan be coming. we will of course be watching that very carefully and bring it to you this evening. >> the president knows i have been able to keep my word and every agreement we have ever made. the fact is his plan is not balanced. and as a result time is running short i will do everything i can to protect americans as much as i can. lou: the company and bill passed moments ago, the bill passing sequestration for one year. moving the defense cuts of a specific rather than arbitrary spending cuts. limiting the amount of money, of course. congressional budget office scoring this bill $218 billion of debts and reductions over the decade beginning january 1. boehner's plan within the approval of americans for tax reform, grover norquist despite the hike in taxes for top earners. saying republicans supporting this bill confirming to their constituents in writing that this bill, the sole pur
FOX Business
Dec 11, 2012 9:00pm EST
is willing to make as part of the balanced approach.use fox news is reporting senior white house official said the signs are making some progress,e but there is still littler movement on the majorferences. substantive differences.back ty. we are watching and all. back to you. >> and now you are. thank you very much. deal weigh more on this deald throughout the next hour, and we are going to hear from bothcapio chambers barasso in ten minutes. the 0*er breaking story, a devastating defeat for one of the most important union strongholds in the country, michigan. michigan's governor, rick snyder, moments ago, signed right to work legislation into law. now, the new law sharply limits union power, something once unthinkable. hundreds of protesters packed inside the capitol building for the vote. trooper on hand in riot gear. michigan, home of the most powerful union in the country, a symbol of union power and dominance for generations. not anymore. workers are no longer to give up part of their paycheck to union dues. now, the unions didn't go down without a fight. literally. take a look at th
FOX Business
Dec 8, 2012 6:00am EST
congressman telling the gobi is looking for any pay to live in amounts of money to do what he used to do for free which includes giving lectures three all i can say is, hollywood better watch out. i would say that the entertainment industry since utility. that is my "2 cents more." and that is it for tonight on "the willis report." thank you for joining us. don't forget to record the show if youcannot catch us live. have a great night and a great weekend. ♪ ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cuttingundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't want seniors to come up empty, call your members of congress and tell them don't make a bad deal that cuts our care. neil: if that doesn't tell you real cuts are not coming, neighbor 101 democratic congressman want not to cut social security could drop a hint coming days after the national blackck cause cues comg further urging all entitlements, not st social security, be left off the cliff talks. you wonde
FOX Business
Dec 8, 2012 6:00pm EST
taxes, not how much to cut spending. shld that worry us? it's a deal so disportioned in raising taxes and not cutting spending, what then? a lot of pressure to keep the gravy train running. what if it runs unabated? the unions who legislated the prident remind us every day in ads you owe us, mr. president. cut to the chase. no gutno glory, for now. the risk of a bad deal over no deal. john, what do you think of that? >> well, the democrats, neil, obviously, are not interested in cutting at all. they hold entitlements out, even though they are completely broke, between medicare, medicaid, and social security. there's a hundred trillion dollars in unfunded entitlement liabilities. tax the rich a 100% for the next hundred years. they are intent on eserving them, extending them, and creating them, making them larger meang bigger bills and government control. neil: can't they throw a bone to republicans, offer you at the gate, $800 billion in tax hikes? couldn't you throw it bac at them, first thing offered, doubling the tax hikes, $1.6 trillion. a clumsy start from t get-go, but i don't s
FOX Business
Dec 1, 2012 8:00pm EST
to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he wants serious negotiations that will sit down and me to some kind of an agreement. we have been down this road before where republicans of given on th taxes. was in the white house with reagan. they promised dollars in cuts. they didn't give us anything. bush went through the same drill when he broke his tax pledge, busch sr. we have had this history before. basically, tell us what you're going to do. there will be a stimulus by fixing he northeast from the storm. add another 50 billion out there on top of the package. and then the audacity of saying, i'm going to raise the debt ceiling whenever i want to. give me permission to do that. it's absolutely absurd. lou: the presidents reached exceing his grasp? >> we will ee. he clearly thinks that he is in a strong osition or you would not be trying this. i think he thinks that the optics work for him. >> but it was ms. mccall's idea in 2011 to give the president the power to raise the debt ceiling by himself. this was not some dmo
FOX Business
Dec 11, 2012 10:00pm EST
for joining us. have a great night. see you tomorrow. ♪ lou: good evening, everybody. i'm lou dobbs. you're looking at union members and supporters of organized labor who gathered oday at the state capitol in lansing, mich. demonstrating against the passage of this historic workers' rights legislation, legislation that, tonight, is law. you would not know it watching the boisterouunion protests, but unions are left intact by this new law. as is, the right to collective bargaining. the big victory for worker rights today, the elimination of the power of both public and private nions to demand and a worse dues from workers and the end of union power to force workers to pay what have been mandatory dues. michigan becomes the 24th state to enact right to work laws after legislation passed the state house of representaves and was sent on to governor rick snyder for his signature. protesters of this new law number some 10,000 at today's demonstrations. most league made up of uaw union of the workers, machinists, teachers, sometimes angry crowds that seem to be taking cues frm their democratic
FOX Business
Dec 10, 2012 10:00pm EST
an e-mail to gerri@foxbusiness.com. that's it for tonight's willis report. thanks for joining us. don't forget to dvr the show if you can't catch us live. ha a good night, everyone, see you tomorrow. ♪ lou: good evening, everybody. presidt obamcould hardly have chosen a worse place to be today. the president flew to michigan where helasted the republican-led state legislature and the republican governor fo their support of righto-work legislation. his timing could hardly have been worse that worker rights leglation will be voted on and gen final approval tomorrow and be sgned into law by govern rick snyder. michigan becomes the 24th state in the nation to ratify a aw that protects workers from being forced to pay union dues a a condition of their employment. we'll be examining tonight what's happening inichigan and in washington, d.c. with the author of "shadow bosses: how government. employee unions control america and rob taxpayer blind." llory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egan military to arrest people in the street even as he cl
FOX Business
Dec 19, 2012 4:00pm EST
declining 12.3%. liz: because of the chicago mercantile exchange. a buying opportunity. and michael tells us why he expects double-digit earnings growth in the new year in what that'll do for equities. jerry leavy at the cme. another was some erosion of the last couple of minutes, the last hour or two. headlines from president obama, john boehner. is this market a little overbought going at the end of the year? >> for my technical perspective, you're absolutely right. they have eclipsed the upper end, and overbought situation. from my perspective and my colleagues, we are shocked trying to figure out the market moving higher. a lot of it is trying to figure out, we know a deal will get done, the real question is what are the ramifications of the deal and how will that affect earnings. as a guy who follows earnings very closely, we see that the drop year-over-year. it was from government. a noted state tax receipts are down adjusted for inflation 1% from 2,082,012. earnings are down on the top line, where does the bigger earnings growth come from? david: we have manufacturing coming in saying
FOX Business
Dec 21, 2012 4:00pm EST
and materials were this week's top performing sectors and consumer staples and telecom land. demand for u.s. goods climbing for the sixth time rising zero.7% last month, after 1.1% gain in october. orders for goods excluding aircraft excluding increase for the sixth straight month jumping to.7%. and in december, potentially higher taxes and consumer sentiment index calling -- 72.92.seven in november. liz: we have to mulholland in the pits of the cme and stephen sacks telling us the best place to put our money along with john buckingham who tells us why he is not worried about the fiscal cliff, or i coined this one, cliffmaca. i am not getting a courtesy laugh from to mulholland. tell me what the pits were like, david has mentioned last night neil cavuto was right here, saying there is not going to be a vote because there's so much infighting with republicans, futures were plummeting. this could have been a much uglier day but what happened? >> it was the global trading overnight and opened up. the volume was fairly light but the news was a shock so we got a steep drop. barista lot error of
FOX Business
Dec 22, 2012 8:00pm EST
got it? yes. rates for us and them -- now that's progressive. call or click today. happy holidays. have a good one. ♪ lou: good evening. this beakers failure to win republican support in the house for his plan the proposal on the fiscal cliff has embarrassed the speaker, but the speaker's failure means a solution to the fiscal cliff is, if they're going to be one, now resting squarely upon president obama. arsine to be vacationing president alone cannot propose gislation that wins majority support in both the house and senate, and the decision to go over the fiscal cliff now depends on his ability to successfully negotiate and to forge a compromise that appeals to both republicans and the far left in mr. obama's party. the president metwith senate majority leader harry reid this afternoon and talked with speaker boehner to begin anew that effort to reach compromise. >> averting this middle-class tax hike is not a democratic responsibility or republican responsibility. with their foes the american people have determined that governing is a shared responsibility between both parti
FOX Business
Dec 3, 2012 5:00pm EST
and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks out for the right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell getting golden endorsement from goldman sachs today. the investment bank upgraded the struggling computer-maker saying the stock has been oversold. the dell shares rose by 4% over that news. to our top story tonight, speaker boehner and house republicans are rolling out their fiscal cliff counteroffer to the white house. incl
FOX Business
Dec 5, 2012 7:00pm EST
for joining us. have a great night. see you right back here tomorrow. ♪ lew: good evening, everybody. u.s. foreign policy in the middle east in question at this hour. violence spiring out of control in syria after 20 months of civil unrest and the deaths of at least 40,000 murdered civilians at the hands of their own government. united states and nato agreeing to deploy patriot weapons and to thwart an aso-called by assad. the missile systems to be positioned near the syria. his staff denies that and estimates if they were deploy troops, it requires 75,000 of the troops in a full ground invasion in order to seize the chemical weapon stockpile. fox news confirming they were not ordered to draft the consideration of such a mission. secretary of state clinton is nonetheless talking very tough calling for assad to step down as the obama administration has done for the past 15 months, but refusing, still, to detail which consequences those would be. >> we will explore with like-minded countries what more we can do to bring the conflict to an end, but that will require the assad regime making t
FOX News
Dec 4, 2012 3:00am PST
fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a man. bell ringer was silenced because the girls bring in more christmas cash. is that true? "fox and friends" starts right now. ♪ >> steve: welcome aboard, folks. live from studio e. brian has a lot of friend exercise family members that watch the program. call him throughout the program today, because unbeknowns to you. prian cell phone has fallen through a hole of the jacket pocket and stuck in the lining. >> brian: it dropped through the lining and a secret passage. >> gretchen: give me that coat. >> brian: this is how i function. >> gretchen: somebody get scissors . i can feel the calls coming through. >> brian: there we go. hole in the pocket but i didn't know this big. no, you just. ♪ there is a hole in the pocket. >> brian: i am going to lose it >> gretchen: you have scissors. >> steve: oh, don't. >> gretchen: double scissors. >> steve: you ca
FOX Business
Dec 2, 2012 8:00am EST
as totally inept or more inept than it is right now. and businesses free us up and they're afraid of doing anything and the individual freezes up. look, who is going to be out there actively investing and looking for work? you just don't know what's going to happen with all that we need to get something done, as bad as it might be. >> and does a month or two really make a difference? at some point, they're going to come up with something. >> yeah, that's right. i mean, i think a month or two a probably okay. and, but i'mith gary. if they kick this thing back a year, it really confirms the markets worst suspensions, which is thawe've got a congress that has absolutely no functionality whatsoever, they're well and truly broken and i mean, that would be disturbing, kicking back a month or two, i think the market can stomach that. i don't think the market would want to see us kick it back a year or two, no, no, no. >> here is the deal, tobin, what about we kick the can, we kick the can, we kk the can and the road is a what i, essentially, if we never cut spending, what's the issue there? >> we
FOX Business
Dec 21, 2012 10:00pm EST
people who pay the balance is on layaway accounts for families that can use the help. it is a trend sweeping the nation. as we talked about earlier, often bringing up the best in people, and super storm sandy was no exception. here is another example. michael of brooklyn, check this out, every dayhe is treading his death in his red suit with his red cent deliverg presents to boys and girls. he gets requests from kids and has been blessed with a huge influx of thenaton's. michael johnson the qualifies for the nice list, and i'm thankful they're out there. that's my "2 cents more." here is how you vote in on the poll qestion we asked on gerriwillis.com with the emphasis this holiday season,ks. merry christmas. happy holidays. have a good one. ♪ lou: good evening. this beakers failure to win republican support in the house for his plan the proposal on the fiscal cliff has embarrassed the speaker, but the speker's failure means a solution to the fiscal cliff is, if they're going to be one, now restng squarely upon preident obama. arsine to be vacationing president alone cannot propose
FOX Business
Dec 22, 2012 5:00am EST
miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they wou
FOX Business
Dec 6, 2012 5:00pm EST
is ruining kid's futures. you have to believe it to see it. the man behind it will join us in a fox business exclusive. >>> plus "money"'s executive roundtable get the real pulse of businesses. speaking out against president obama hurt their bottom line? will higher taxes be as bad for businesses as some say? all that and everything in between from three top leaders. >>> yikes for yelp users. one woman post as scathing review of a business. now the owner is suing her for $750,000. does he have a case? he is here to make it. even when they say it's not it is always about money. melissa: first let's take a look at the day's market headlines of the congress doesn't open its mouth and stocks go up. are we listening politicians? better than expected jobless claims data and rebound in tech stocks helped lead the market higher. the dow gained 39 points hitting a new one-month high. >>> at&t customers listen up. your service may start sucking less. akamai technologies reached a deal to provide at&t's mobile network. it is expected to speed up delivery of digital content to customer's phones. akamai
FOX News
Dec 23, 2012 9:00am PST
holidays. >> thank you for joining us. have a great day, everybody. >> an nra showdown. they stand firm saying it would be crazy not to put armed guards in every school. some lawmakers accuse the nra from shooting from the hip. a christmas homecoming. after months being chained to a bed a veteran marine is coming home for the we will hear from his relieved mother. and a holiday forecast. triple-a predicts 93 million americans are making their way over the river and through the woods. we have your travel and weather forecast. all of that and do you remember the peanuts cartoon happiness is a warm puppy? we will have warm puppies in our studio. hopefully they are house-trained. "america's news headquarters" live from the nation's capital starts now. >>> early this week the national rifle association broke its silence on the tragedy at sandy hook. i think the best way to prevent a future masacre is to put armed guards in schools. this morning the nra showed no signs of backing down from that idea. peter doosey is here with the story. >> that's right, doug. the national rifle associati
FOX Business
Dec 13, 2012 5:00pm EST
a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spending cut plan out of the white house before they agree to any revenue increases. that impasse has continued. when you t
FOX Business
Dec 22, 2012 10:00am EST
are hammering. >> the u.s. economy is estate here. millions of families are counting on us to do something. look. it is the president's job, his job to find a solution that can pass the congress. he is the only one you can do it >> the president's response has been to make clear, he is already compromising. >> during the course of these negotiations i offered to compromise with republicans in congress. i met them halfway on taxes and and i met them more than halfway on spending. >> and the president aressed as in the briefing room tonight, he urged lawmakers to go home for christmas. maybe even drink a little bit of eggnog, calmed down, cool off, week in order to try to work all this out. the president now headed to ally himself to spend christmas with his family. on his way out the door he told us, see you next week whhch means he is coming back before new year's eve in order to deal with this mess. lou: was named david axelrod who said see you later. it turns out mr. obama was paying attention. ed henry, fox news chief white house correspondent. president obama nominating senator john kerry to
FOX Business
Dec 22, 2012 11:00pm EST
? >> well, we talk about distractions. we have the president telling us that we need some kind of cooling off period. this is a president that had two years with the democratic house and senate. and everyday come they woke up and did not raise taxes. so they really wanted to do this, if they really believe, they want their taxes to go up on earners making more than $250,000 tunnel were we waiting until the last minute? ten days before the tax hike said. it is a mystery that they are saying that this is an emergency one they had to two years they could have done before. gerri: okay, this is what plan b was under john boehner. if you make a million dollars one year you pay a permanent estate tax at 35%, not 50%. that will go into effect january 1. if plan be is a no go, what will plan c look like? by the way, i love your red jacket. >> the problem isn't this. the real problem is the guy who was visiting a obama in the white house just a few minutes ago. mr. harry reid. the senate has not passed a budget more than three years. the senate has not passed anything on the fiscal cliff greathouse
FOX Business
Dec 6, 2012 1:00pm EST
pressure, however people use that as a buying opportunity which is evidenced in the two-day chart. with the fiscal cliff fast approaching, naturally it's about time lawmakers took a long recess. >> they're gone today, but will be back tuesday. it meets with small businesses in their district, they will highlight what they say i see ae small business tax hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant differences on entitlements. take a listen. >> it is not even the right thing to do first and foremost. visit the trophy that republicans want? is that what they want to do what is right to raise the rates? speak of the american people want us to
FOX News
Dec 20, 2012 9:00pm PST
and i appreciate you guys very much. see ow january 2. that's it for us. check out the fox news factor web site, which is different from bill o'reilly dot-com. the key point is on power. also, we would like you to spout off about the factor from anywhere in the world. i am going to force miss laura to read some of this mail tomorrow. name and town, name and town if you wish to opine. word of the of the day, do not be a noddy when writing to the factor. i am bill o'reilly. please, always remember that the spin stops right here because bee are -- we are definitely looking out for you. >> sean: this is a fox news alert. the republican leadership in the house do not have enough votes to pass speaker john boehner's plan "b." just moments ago, we learned that they have pulled the bill. now, this is how it all went down. the house, unexpectedly called a recess, which effectively postponed this vote. watch this. >> voting in the affirmative is passed themologists to reconsider is laid upon the table. the house will stand in recess, subject to the call of the chair. >> sean: after the re
FOX Business
Dec 1, 2012 5:00am EST
wants more spending and he's not giving us any entitlement savings and on top of that, like you mentioned, he has no limit onis authority. so he's spending just as he has over the past four years into oblivion. gerri: so there is no debt ceiling. he has a checkbook, he can use it anyway that he wants to. that is shocking and astonishing to many folks. there is also this. the president has talked over and over again about a balanced approach. everybody has to give up something. everybody gets a little something. so he proposes $1.6 in tax hikes. only 400 billion in cuts. in what way is this balance? >> i think this has been a mistake the republicans have made. i do not believe that we have a revenue problem. in the long run, we have a spending problem and it is mostly an entitlement problem. i think it was a mistake for speaker boehner and others for revenue on the table to begin with. that being said, they all agree in a balanced approach. what the president has put forward, it does not even adess the problems. if you don't start negotiations talk about medicare, they simply are
FOX Business
Dec 11, 2012 4:00pm EST
. governor rick snider. he's going to be joining us live from the office in the state capitol. don't miss this. liz: dangerously close to going over the cliff. you know the date, december 31st. coming up, exclusively on fox business, former treasury secretary paul o'neill as sides dwindle own spendings, he has what needs to be done to get budget under control, easy ways to cut it and who should carry the burden. david: before the busy hour, what drove the markets with today's data download. stocks pushing up for hopes of a deal in the beltway. all three indexes in the green, hosting the three straight day of gains, s&p higher for the first time in two weeks. technology and health care led today's gainers. well, oil posting its first gain in six sessions today, edges higher after prices fell 4% over the past five trading sessions. crude closing the day up 23 cents a barrel at $85.79. u.s. small business sentiment plunging in november to the lowest level in nearly three years. national federation of independent businesses saying the index fell more than five points last month to 87.5, and 3
FOX Business
Dec 18, 2012 7:00pm EST
, gas prices. thank you for watthing. dvru if you can't catch us live. have a great night, see you tomorrow. ♪ lou: good evening, everybody. president obama and house speaker boehner have been forced out of their respective negotiating positions. president obama relenting on his pledge for tax hikes on earners above $250,000 a year raising that threshold to $400,000 annually. that, by the way, just happens to be the same amount of money that the president of the united states is paid each year. speaker boehner agreeing to a tax hike on all earnings over a million dollars per year. the back and forth between speaker boehner and president obama has now gone on for 20 days, at least six offers and counteroffers exchanged in public, and at each point when the negotiations appear to be at an impasse, one of them has managed to make concessions that moved the process forward nonetheless. watching the frame work of a deal take shape, no matter how vague, undefined the terms, it's been enough to excite investors3 on wall street. enough today that the dow jones industrial average posted a
FOX Business
Dec 21, 2012 9:00pm EST
these rules come and you will have a condo line of imitators following you anywhere. thanks for watching us. you can thank me later. have a merry christmas. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise pac
FOX Business
Dec 5, 2012 4:00pm EST
. coming up, the mayor is going to be joining us live, talking about the ports, the drive to bring a football stadium back to life to the city and the city's biggest looming crisis. liz: pandora taking a big hit today down 17.5%. the company beat on some expectations and did very well with revenues but they lowered fourth-quarter estimates saying they swing a lot. pandora president and ceo on why the expectations were lower. he says it is one metric, nothing to worry about and what is being done to bring in more revenue from the event. david: a mixed day on wall street stepping the losing streak while the nasdaq closed in the red as apple tumbled almost 7%. searching before getting back some of the gains in the last half-hour. utilities and financials with a top performing sectors. adding 118,000 private sector jobs in november. sharply down from 137,000 created in october. blaming hurricane sandy saying it trimmed job growth by 86,000 workers, small business created the fewest jobs in nearly two years. factory orders edging higher in october rising 0.8% according to the commerce d
FOX News
Dec 22, 2012 9:00am PST
in time to make it home for christmas. january 1st gets closer and no deal to stop us from going over the fiscal cliff. a live report coming your way . the benghazi report. independent panel said the state department failed to connect the dots in security in benghazi. the state department concedes that mistakes are made . the lawmakers want to hear from the secretary of state. we'll talk to thitate department and congress. i am uma with news headquarters live from the nation's capitol starts right now. >> are we all going over the fisical cliff? there is still no deal. steve joins us from washington with the latest on thes. >> hi, uma, the fiscal cliff may be looming. but both sides are pulting the dial on hold. no deal for the tooks . at times it appeared congress was made but not the case this weekend. house speaker john boehner said he is hopeful, but none theless of as the presidentov dubbinging the fiscal issue in the stapped off. boehner delivered the gop. >> the president has offedy will not do anything to solvelet speppeding problem and begins to the crippling debt. he wants m
FOX Business
Dec 12, 2012 6:00pm EST
, welcome to the willis report. tracy: i'm tracy byrnes in for gerri willis, less than 3 weeks before u.s. falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. second in command, eric cantor warning members not to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart? >> you know we are. i started optimistic to get this done before the holidays, but, i don't feel that way, it seems to me the decision has been made, perhaps by white house to take us off this fiscal cliff. i think this is irresponsible to do it we're ready to work out a reasonable sound solution but i do not see that coming from the other side right now. tracy: is it because there is so much going on behind scenes. they think there is a lot of secret wheeling and dealing with john boehner and the president do you agree? >> i do not, i think he -- they have been sporadic talks, i know speaker boehner has been frustrated with how slow the responses
FOX Business
Dec 19, 2012 7:00pm EST
report, thank you for joining us. lou: good evening, president obama and time honored phrase could be about on snatch defeat from the jawzs of victory, things not looking so good for the president in negotiations over the fifth most actively traded issue. over the fifth -- fifth call cliff. that seem yesterday to be making progress, demanding that congress raise taxes while threatening to veto a bill that would keep current tax rates in place for 99% of the country, the president further demanding that washington go his way or no way at all, president obama seems to be on his way to perhaps becoming the imperious president. >> i've asked the vice president to lead an effort that includes members of my cabinet and outside organization to come up with concrete proposals no later than january that i will push without delay. this is not some washington commission, that is not something where folks will be studying the issue for 6 months and publishing a respect -- report that gets read then pushed aside. lou: you will notice that president did not call for concrete proposals on mental
FOX Business
Dec 8, 2012 10:00am EST
from the work force. joining us now, one of the country's most thoughtful, provocative political an economic tinkers, author george gilder who wrote the best seller, wealth and poverty, and a seminal rk in it is great to have you with us. somepeople upon closer inspection, it is not good news and people are leaving the work force. >> it sure isn't. we are paying people to leave the workforce. some $1 trillion offpayments of various kinds to keep people from working and to break up their families and to demoralize their earnest. it is -- it ignores the elephant in the room which is a massiveve depaure of the prime age man from the work force. it is accelerating today. and part of this is being subsidiz by the government through record disability payments. lou: disabilit payments from social security administration, taking thaaside when one looks at food stamps and medicaid alone, you can add other incentives as well and support programs, but we are looking at the prospect of having one in the quarter workers for every one person on welfare and working the governnt. we are reaching
FOX Business
Dec 9, 2012 9:00am EST
creators to do that i don't think we would have a food stamp crisis. >> i think think all of us could agree. that is keeping poor people poor because they are pushing welfare programs. >>, you shouldn't be shocked with theureaucracy and advertising in promotion to justify. >> hold on, it is it shocking. it is shockinghat government officials wouldant to keep people poor. >> but let me give you an example and this goes back a few years and a narrow casting example. but the new york city subway used to have posters written spanish advertising a gay, lesbn domestic violence hot line. that's how fine grained it get in new york new york city on the subway pushing welfare programs. it informs and pushes them. >> but getting back to the poverty program and they're pushing food stamps and welfare programs and they have a tendency to keep poor people poor. once you are on the dole it is hard tore get off. >> it is. incentives are wrong. they encourage people to stay on it. it is it a growth crisis. economic growth is easy and if we get the policies right, a lot of these people get off of it and i ag
FOX News
Dec 21, 2012 9:00pm PST
and in the new year. and that is it for us tonight. thanks for watching. i'm in for bill o'reilly. please remember the is spin it stops right here because we are always looking out for you. captioned by closed captioning services, inc. >> sean: marry christmas and welcome to this hannity holiday special. in a few minutes we will take you to afghanistan for an exclusive look at how our troops stay connected to families back home during the holidays. and we will also hear a timeless message from president ronald reagan recorded 32 years ago but still just as meaningful tonight. first, pastor rick wa warren hs book the purpose driven life has been read by more than 60 million people worldwide and currently bel rereleased to celebrate its 10th anniversary. i sat down with pastor warren to talk about the meaning of christmas. what does christmas mean to rick warren? >> the very first christmas the angels said three things. those three things are the three purposes of christmas. celebration. salvation. reconciliation. here are the three things. the first thing the angel announced is is i bring
FOX Business
Dec 10, 2012 11:00pm EST
financial future. lou: day q4 being with us. baby it is cold outside. staten island knows it because soon they will feel it. bundle up once the temporary housing goes the chance to feel the season begins. i am neieil cavuto and those senators heaping prae had to know of the fast proaing -- approaching deadline this week a heap of trouble that did not stop politicians from heaping praise on those victims. >> the federal government sponded promptly and decisively. >> response has been robust. >> thank you for being such a strong leader. >> i am grateful f the productive conversations we have had. >> complement our e emergency responders they did an incredible job. neil: bidding aside the idiocy oo these remarks but the incredibly bad timing for thousands of out homes better in hotels and temporary housing. we hear th a government will take the punch bowl away when the shelter coverage ends despite their prediction from the government hself it may be months before they have a home. it seems sought on after two months it has made no contingency. don't be surprised if the folks to get the help
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